FRANKFURT (dpa-AFX) – New tariff threats from Donald Trump temporarily put an end to the DAX’s record run on Friday. The US President is considering blanket punitive tariffs of 15 or 20 percent on imports from the European Union (EU). “Investors are in a kind of state of shock, as the continued unconventional diplomatic approach of the US leaves an uneasy feeling in the pit of the stomach,” commented market observer Andreas Lipkow. Nerves are especially frayed ahead of the weekend, as investors do not want to be caught off guard on Monday.
The DAX closed down 0.82 percent at 24,255.31 points. On Thursday, Germany’s blue-chip index had reached a record high of 24,639 points. After a gain of around 24 percent so far this year, follow-up buying failed to materialize. Nevertheless, the DAX still gained 2 percent over the course of the week. The MDAX, which tracks mid-sized listed companies, fell by 0.93 percent to 31,354.15…
